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City of Panama City Beach, Florida
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Florida
County
Bay County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Panama City Beach maintained a positive fund balance of $63.7M, demonstrating financial stability. Total assets of $71.1M compared to liabilities of $7.4M indicate robust financial health, yielding a coverage ratio of 9.65. The government achieved an operating surplus of $4.6M, as revenues of $59.5M outpaced spending of $55.7M. At 7.8%, the operating margin shows steady financial management. All metrics are calculated using General Fund data.